Oil Prices Dip as IEA Warns of Supply Surplus; Markets Await Trump-Putin Meeting
Oil Prices Dip as IEA Warns of Supply Surplus; Markets Await Trump-Putin Meetinga HG MARKETS: Oil prices edged lower on Wednesday after the International Energy Agency (IEA) forecast that global oil supply would exceed demand in 2025, amid signs of weakening fuel consumption in major economies. The agency raised its supply growth estimates while lowering […]
Pound Sterling Begins the Week Firmly as Markets Await Key UK and US Economic Data
Pound Sterling Begins the Week Firmly as Markets Await Key UK and US Economic Data HG MARKETS: At the commencement of the trading week, the Pound Sterling (GBP) sustains its upward momentum for the fifth consecutive session against the US Dollar (USD), with the GBP/USD pair surging to approximately 1.3480. This rally is largely attributed […]
Gold Prices Rise as U.S. Tariffs Threaten Global Bullion Trade
Gold Prices Rise as U.S. Tariffs Threaten Global Bullion Trade HG MARKETS: Gold prices climbed in Asian trading on Friday, heading for a weekly gain as fresh U.S. trade tariffs under President Donald Trump added to global economic uncertainty. Market attention was also drawn to the possibility of new import duties on one-kilogram gold bars […]
Oil Prices Rebound from One-Month Low Amid Focus on Potential Sanctions Against Russian Crude Importers
Oil Prices Rebound from One-Month Low Amid Focus on Potential Sanctions Against Russian Crude Importers HG MARKETS: Oil prices rose during Asian trading hours on Wednesday, staging a mild recovery from a five-week low recorded in the previous session. The uptick was primarily driven by concerns over potential supply disruptions amid renewed geopolitical tensions, particularly […]
Silver Extends Recovery Amid Softer U.S. Labor Market Data and Lower Treasury Yields
Silver Extends Recovery Amid Softer U.S. Labor Market Data and Lower Treasury Yields HG MARKETS: The price of silver (XAG/USD) extended its rebound on Monday, reaching approximately $37.30, building on Friday’s upward momentum. The recovery in the white metal is primarily attributed to a sharp decline in U.S. Treasury yields, which followed the release of […]
The Significance of U.S. Tariff Hike, Apple & Amazon Earnings, and NFP Data
The Significance of U.S. Tariff Hike, Apple & Amazon Earnings, and NFP Data HG MARKETS: U.S. stock futures edged lower early Friday as investors braced for the final trading session of one of the busiest weeks in financial markets this year. Key factors driving sentiment included global trade developments, tech earnings, and upcoming U.S. economic […]
EUR/USD Stabilizes Near Monthly Lows Ahead of Key US GDP Release and Fed Policy Decision
EUR/USD Stabilizes Near Monthly Lows Ahead of Key US GDP Release and Fed Policy Decision HG MARKETS: The EUR/USD pair remains under pressure, hovering near one-month lows and poised for its first monthly decline since December, as a sharp two-day sell-off overshadows mildly positive Eurozone GDP data. The Euro’s modest rebound in Asian trading failed […]
Dollar Faces Crucial Week Ahead
Dollar Faces Crucial Week Ahead HG MARKETS: Markets have responded positively to news of a finalized US-EU trade deal, which, while widely expected based on last week’s rumors, brought welcome relief amid months of escalating trade tensions. The agreement features a baseline tariff rate of 15% and a strong commitment from the EU to increase […]
Silver (XAG) Outlook: $38.51 Emerges as Crucial Near-Term Resistance Level
Silver (XAG) Outlook: $38.51 Emerges as Crucial Near-Term Resistance Level HG MARKETS: Silver prices are drifting lower early Friday, marking a third consecutive daily decline after hitting a 14-year high of $39.53 earlier this week. The metal is currently trading in a short-term range between $37.50 and $39.53, with $38.51 acting as a key pivot […]
Oil Markets Boosted by U.S. Trade Optimism, Falling Stockpiles
Oil Markets Boosted by U.S. Trade Optimism, Falling Stockpiles HG MARKETS: Oil prices advanced more than 1% on Thursday, supported by growing optimism over potential U.S.-EU trade negotiations and a larger-than-expected decline in U.S. crude inventories, which helped improve the outlook for global economic stability.Brent crude futures were up 79 cents, or 1.15%, to $69.30 […]